Shanghai Stock Market Feels Like Casino Amid Rapid Rise
In Shanghai the stock market has surged almost 200 percent since last year while the bustling exchange lobby is quiet. Traders in a nearby brokerage report a casino like scene with 100 mostly elderly day traders on third floor terminals. Analysts note a capitalized market above $2 trillion, with high turnover and speculative trading shaping fortunes amid government attempts to cool the boom.
MENTIONED IN THIS ARTICLE
Shanghai
China
Shanghai Stock Exchange
China Merchants Securities Co. Ltd
Shanghai Exchange
Shenzhen
Li Jinliang
Tsinghua University
Recalls raise questions on meat standards over E. coli
Food safety experts report eight E. coli recalls this year with seven involving ground beef totaling over 6 million pounds, sickening at least 14 people in six Western states. Tyson and United Food cases show recalls expanding across multiple states and timelines.
MENTIONED IN THIS ARTICLE
Washington
U.S. Department of Agriculture
Hudson Foods
Con Agra Foods
USDA
William Marler
Seattle
Tyson Foods Inc
Tyson
Steven Cohen
United Food
Arizona
California
Colorado
Idaho
Utah
Wyoming
Cintura
Millions live without banks cite distrust and costs
The United States has 8.7 to 28 million people avoiding banks due to trust, language, and culture barriers. Fees for check cashing and bill payments are high, yet some prefer cash due to fear of mistakes or overdrawn accounts. Bank outreach aims to convert these customers, raising financial education needs.
MENTIONED IN THIS ARTICLE
Washington
United States
Wal-Mart
Federal Reserve
Fed
Rosa Alvarez
Alvarez
Texas
Carlos Maren
U.S
Maren
Leonel Mendoza
Adams Morgan
Washington, D.C
Mexico
John Caskey
Swarthmore College
James Ballentine
The
American Bankers
Internet speculation markets reshape forecasting and finance
The piece discusses prediction markets where the public bets on real events such as elections and tech advances. It notes sites like Hedgestreet and the Iowa Electronic Markets, their potential policy and innovation impacts, and quotes experts on markets aggregating information into a single price.
MENTIONED IN THIS ARTICLE
Wall Street
Iowa Electronic Markets
University of Iowa Business School
Washington Stock Exchange
On the Potomac
Justin Wolfers
University of Pennsylvania
Wharton School of Business
Also Mentioned on This Page
London
Fan Li
Stephen J. Hedges
Chicago Tribune
Consumer Federation of America
Inc
Joseph Coleman
Bronx
Matt Crenson
Associated Press
New York
Hollywood
Barack Obama
Ical
Robin Hanson
George Mason University
Yelows Electronic Markets
Howard Dean
Kerry
Intern
Ema
Mam JJ
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